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BanRep Governor Villar Still Striking Cautious Tone

COLOMBIA
  • Monitoring comments from Governor Villar who is continuing to strike a cautious tone with regard to the monetary policy outlook. After sticking with a 25bp pace of easing last week, Villar continues to flag significantly above target inflation (despite the further decline in Jan CPI yesterday) and the ongoing risk from El Nino, which calls for cautious rate cuts.
    • VILLAR SAYS UNCERTAINTY CALLS FOR CAUTIOUS COLOMBIA RATE CUTS (BBG)
    • COLOMBIA 2023 GDP SLOWDOWN PART OF A NEEDED ADJUSTMENT: VILLAR
    • COLOMBIA INFLATION IS SIGNIFICANTLY ABOVE THE TARGET: VILLAR
    • COLOMBIA INFLATION EXPECTATIONS ARE FAR FROM TARGET: VILLAR
    • VILLAR: ABOVE-TARGET COLOMBIA CPI HURTS CENBANK'S CREDIBILTY

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